This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $62,748 initial cash invested.
-7.25%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$2,215
Rent
-$379
Cashflow
Cash Flow
$2,215 income − $2,594 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,748
Downpayment
20%
$59,760
Closing costs
1%
$2,988
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$2,594
Mortgage P&I
75%
$1,658
Property Taxes
10%
$231
Home Insurance
5%
$105
HOA
1%
$23
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0